In her first state of the union address, EC President Ursula von der Leyen reaffirmed the Commissions support for the digital tax reform. ‘We will spare no effort to reach agreement in the framework of OECD and G20. But let there be no doubt: should an agreement fall short of a fair tax system that provides long-term sustainable revenues, Europe will come forward with a proposal early next year.’
President von der Leyen also reaffirmed the EC’s commitment to reform energy taxation as part of the ‘European green deal’ intended to reduce emissions by at least 55% by 2030. ‘We are for example working on a carbon border adjustment mechanism,’ she said. ‘This mechanism should motivate foreign producers and EU importers to reduce their carbon emissions, while ensuring that we level the playing field in a WTO-compatible way.’
In her first state of the union address, EC President Ursula von der Leyen reaffirmed the Commissions support for the digital tax reform. ‘We will spare no effort to reach agreement in the framework of OECD and G20. But let there be no doubt: should an agreement fall short of a fair tax system that provides long-term sustainable revenues, Europe will come forward with a proposal early next year.’
President von der Leyen also reaffirmed the EC’s commitment to reform energy taxation as part of the ‘European green deal’ intended to reduce emissions by at least 55% by 2030. ‘We are for example working on a carbon border adjustment mechanism,’ she said. ‘This mechanism should motivate foreign producers and EU importers to reduce their carbon emissions, while ensuring that we level the playing field in a WTO-compatible way.’
.jpg?sfvrsn=335a554c_0 "300 x 250 (MPU)")